Suppose the government provides a recruiting service program that can reduce the cost of recruiting. Using the search model discussed in the class, determine the effects on the unemployment rate, the vacancy rate, the labour market tightness, the labour force and aggregate output. Use diagrams, and explain your results.

Q: An entrepreneur needs thousand of dollars to launch the global expansion of his software business. I…

A: Effective annual rate (EAR) refers to a real interest rate that an investor wants from his…

Q: Mays and McCovey are beer-brewing companies that operate in a duopoly (two-firm oligopoly). The…

A: Profit maximizing quantity is such quantity where marginal revenue is equal to marginal cost.

Q: QUESTION 9 When the lead time doubles, the economic production quantity will increase. True False…

A: Production economics is the application of the standards of microeconomics in production. based on…

Q: Instructions: Enter your answer as a whole number. If you are entering a negative number include a…

A: Deposits refer to the money held in the bank accounts. Reserves are the money which is amount of…

Q: There is a proposal to make childcare fees deductible from income taxes. Briefly explain whether…

A: Income tax is a tax that a government imposes on the income received by people and enterprises under…

Q: Question 3 Judge Mark Griffiths finds that Moodle is a relentless and predatory monopolist. Judge…

A: Monopoly:  monopoly refers to a situation where a single firm or entity controls the entire market…

Q: Calculate the economic impact of the India Premier League. a)     Evaluate the net economic change…

A: The Indian Premier League (IPL) is a professional Twenty-20 cricket league that was established in…

Q: What are the two main perspectives on how business cycles arise and propagate? What are their key…

A: There are two main perspectives on how business cycles arise and propagate: the classical view and…

Q: Suppose that P=100-Q, MR-100-20 OQ-25, P-75, ATC-70, Profit=125 OQ-33.3, P-66.7. ATC-67, Profit=-1…

A: Demand curve shows an inverse relationship between price and quantity. Marginal revenue lies below…

Q: A. Investment in "infrastructure" represents spending on:   O roads, bridges, canals, etc. O…

A: Infrastructure refers to the basic economic facilities that are required to achieve economic growth.…

Q: Suppose money demand depends on disposable income, so that the equation for the money market becomes…

A: Money Market Equilibrium : LM relation => M/P = L (r , Y- T ) Goods market equilibrium : IS…

Q: Figure 3-19 Price Refer to Figure 3-19. The total gains from trade, representing both producer and…

A: Equilibrium is where the demand curve intersects the Supply curve.  Consumer surplus is the area…

Q: Thomas Malthus argued that increases in living standards tend to reduce birthrates. True or False…

A: The degree of financial comfort, affluence, and physical well-being enjoyed by people or groups…

Q: The graph to the right depicts an economy, Home, which produces flowers and soybeans. Its production…

A: Isovalue lines, also known as isoquants, are used in economics to represent different combinations…

Q: Fill in the blanks in the table below. The problem is a "puzzle" so the blanks are not necessarily…

A: Total cost is the cost that includes total variable cost and total fixed cost of the production.

Q: The following table indicates the unit prices (in Rands) and quantities of three goods purchased…

A: Index numbers are quantitative indicators that show how price and quantity vary over time. Economic…

Q: 4. Supply and demand for loanable funds The following graph shows the market for loanable funds in a…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…

Q: Write an article of 600- 1000 words on Great Recession of 2008- Explain how moral hazard and adverse…

A: The Great Recession of 2008 was a period of economic downturn that affected many countries around…

Q: Fill in the marginal and the average product of labour columns in Table A given above. On a Graph…

A: MP stands for Marginal Product and refers to the additional output produced by adding one more unit…

Q: Justify the statement. True/False  Externalily affect a third person which doesn't have any…

A: An economic term known as a "externality" describes how an economic action affects a third party…

Q: QUESTION 8 A professional photographer who specializes in wedding-related activities paid $48,000…

A: Break-even analysis is a tool used by businesses to determine the minimum sales needed to cover all…

Q: Site license or 50 desktop licenses? Option A is to pay $12,000 for a 3-year site license usable by…

A: The equivalent uniform annual cost (EUAC) is the cost that is incurred at the time of gaining…

Q: Below table contains a data sample where X is the independent, and Y the dependent variable. Using…

A: A linear regression equation explains the linear relationship between the dependent variable (Y) and…

Q: Given the uncertainty in determining costs and impacts in the environmental world, are the customary…

A: A collection of approaches and methods used in economics to evaluate the advantages and…

Q: The equations below describe the aggregate demand of an economy. There are neither a flow of goods…

A: The IS-LM model is used to analyze the equilibrium level of output and interest rate in an economy.…

Q: P = λPd + (1-2) Pfle where Pd is the price of domestic goods, Pf is the price of foreign goods…

A: The Mundell-Fleming model, also known as the IS-LM-BP model, is an economic framework that explains…

Q: Rose growing is a perfectly competitive industry and all rose growers have the same cost curves. The…

A: In a perfectly competitive industry, the firm works at a level where the market price is equal to…

Q: Susan has a choice between two perpetuities payable at the beginning of every month. The first pays…

A: Given:Growth Rate (g) = 1% per monthInterest (i) = 20%/12 = 1.667% First annuity: $100 today and…

Q: A person buys a piece of lot for Php 107203 down payment and 10 deferred semi-annual payments of P…

A: Present value in economics is the current value of a future cash flow or series of cash flows. It is…

Q: This problem involves empirical probability. The table shows the breakdown of 95 thousand single…

A:

Q: Question 1 of 4 > 3 Macmillan Learning Sizing Up the Economy Using GDP-End of Chapter Problem Dan…

A: GDP change calculated using the expenditure method, which adds up each dollar spent on final items.…

Q: How much will a bank deposit of $2,000 that pays 10% compound interest be worth at the end of 3…

A: Compounding interest is a type of interest calculation where the interest earned on a principal…

Q: The use of monetary policy is highly debated among classical and Keynesian economists. Where do they…

A: Classical economics focuses on the idea that markets work best when left alone, without government…

Q: Question 1: Explain, with the aid of a diagram, how the real income determined in the goods market…

A: IS-LM model is widely used to denote the simultaneous equilibrium in product and money markets.…

Q: An amortization of a debt is in a form of a gradient series of P10,000 on the first year, P9,500 on…

A: Given: i = 0.14 or 14% n = 4 years Gradient = -$500 Cash flow in first year = P 10,000

Q: Instruction: Solve the Nominal and Effective Interest rates and add your conclusion on the problem.…

A: The interest rate quoted on a loan or investment is known as the nominal interest rate since it does…

Q: Y=16.8-3.9x (3.8) (1.2)

A: Y=16.8-3.9x     (3.8) (1.2) The numbers 16.8 and -3.9 are the realized values for the intercept…

Q: This is a HOT SPOT question. You will need to evaluate the picture of the game below, and answer the…

A: Strategies which provide better payoffs then any other strategy within the strategy set ,…

Q: D. Refer to Figure 2. With trade, producer surplus is E. Refer to Figure 2. With trade, total…

A: Consumer surplus is the Area below demand curve and above price.  Producer surplus is the area below…

Q: Inter-generational income mobility tells us about: A) the extent to which the tax and transfer…

A: Income mobility refers to the ability of individuals to move up or down the income ladder over time.…

Q: of Consider the following cost data for a perfectly competitive firm in the short run. Assume the…

A: A perfectly competitive firm is a price taker as there are many firms producing identical goods.

Q: PRICE (Dollars per scooter) 350 315 280 245 210 175 140 105 70 35 0 0 Demand Supply 55 110 165 220…

A: Consumer surplus is the area below demand curve and above price.  Producer surplus is the area below…

Q: ACME Industries produces steel near a river that nearby residents liked to swim. A by-product of…

A: An economic notion known as "externality" describes how an economic activity affects parties that…

Q: A housewife bought a brand new washing machine costing php 15,000 if paid in cash. however, she can…

A: Given:Loan amount (PV) = Php 15,000Yearly payment at the beginning of the year (PMT) = ?Interest…

Q: You have already saved $55. You earn $9 per hour at your job. You are saving for a bicycle that…

A: Given:  Cost of bicycle = $199  Total saved money = $55 Remaining money required to buy the bicycle…

Q: 1. What is the marginal rate of technical substitution at each cost minimizing equilibrium point?…

A: The marginal rate of technical substitution (MRTS) depicts the rate at which a producer can…

Q: You have decided that upon retirement you will buy a mansion in Hawaii with cold cash after 14…

A: Cash flow diagrams visibly show income and expenses over some time interval. The diagram involves a…

Q: Compute to three decimal places. Initial values are:      PX = $9500     PY = $10000   I = $15000…

A: Elasticity refers to the degree of responsiveness of a variable (such as quantity demanded or…

Q: Consider a model of revolutions. Society is made up of N > 1 people. Simultaneously, each person…

A: Nash equilibria describe a condition in a game where, given the strategies adopted by the other…

Q: Using a budget line, why does a decrease in the price of a good allow one to potentially consume…

A: A budget line shows various combinations of two goods a consumer can purchase by spending all income…